HighPoint Resources Corp (NYSE:HPR) – Equities researchers at SunTrust Banks boosted their FY2019 earnings per share estimates for HighPoint Resources in a research report issued to clients and investors on Tuesday, November 5th. SunTrust Banks analyst W. Fitzpatrick now forecasts that the company will earn ($0.12) per share for the year, up from their prior estimate of ($0.19). SunTrust Banks also issued estimates for HighPoint Resources’ Q4 2019 earnings at ($0.03) EPS and FY2020 earnings at ($0.11) EPS.
HighPoint Resources (NYSE:HPR) last posted its quarterly earnings results on Monday, November 4th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.02. HighPoint Resources had a net margin of 29.34% and a negative return on equity of 2.78%. The business had revenue of $121.28 million during the quarter, compared to the consensus estimate of $126.52 million. During the same quarter last year, the firm posted $0.01 EPS. HighPoint Resources’s revenue was down 7.5% compared to the same quarter last year.
Several other analysts also recently issued reports on the stock. Seaport Global Securities downgraded shares of HighPoint Resources from a “buy” rating to a “neutral” rating in a research report on Thursday, October 10th. ValuEngine raised shares of HighPoint Resources from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. LADENBURG THALM/SH SH downgraded shares of HighPoint Resources from a “buy” rating to a “neutral” rating and reduced their price target for the company from $4.00 to $2.50 in a research report on Monday, August 26th. Finally, Zacks Investment Research raised shares of HighPoint Resources from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. HighPoint Resources currently has an average rating of “Hold” and an average price target of $4.17.
NYSE HPR traded down $0.06 during mid-day trading on Friday, hitting $1.27. The company’s stock had a trading volume of 11,998 shares, compared to its average volume of 960,051. The company’s 50 day simple moving average is $1.29 and its 200 day simple moving average is $1.61. HighPoint Resources has a twelve month low of $0.91 and a twelve month high of $4.74. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $284.47 million, a price-to-earnings ratio of -42.67 and a beta of 3.21.
Large investors have recently modified their holdings of the stock. Divisar Capital Management LLC boosted its holdings in shares of HighPoint Resources by 25.6% in the 2nd quarter. Divisar Capital Management LLC now owns 9,280,799 shares of the company’s stock worth $16,891,000 after buying an additional 1,888,880 shares during the last quarter. Aperio Group LLC raised its stake in HighPoint Resources by 99.2% in the 2nd quarter. Aperio Group LLC now owns 66,850 shares of the company’s stock valued at $122,000 after acquiring an additional 33,290 shares during the period. Advisory Services Network LLC bought a new stake in HighPoint Resources in the 2nd quarter valued at about $49,000. Russell Investments Group Ltd. raised its stake in HighPoint Resources by 13.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 10,027,128 shares of the company’s stock valued at $18,252,000 after acquiring an additional 1,185,239 shares during the period. Finally, GSA Capital Partners LLP raised its stake in HighPoint Resources by 244.6% in the 2nd quarter. GSA Capital Partners LLP now owns 124,686 shares of the company’s stock valued at $227,000 after acquiring an additional 88,501 shares during the period. 96.20% of the stock is currently owned by institutional investors.
HighPoint Resources Company Profile
HighPoint Resources Corporation, together with its subsidiaries, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It primarily holds interests in the Denver Julesburg Basin in Colorado's eastern plains and parts of southeastern Wyoming.
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